Tax Consultants
| (t) | +27 (0)11 454 2099 |
| (f) | +27 (0)11 454 3127 |
Personal Tax
Submission of Tax Returns
The 2017 Tax Season starts the 1st July 2017 and we aim to complete your tax return quickly and professionally and make sure you pay as little tax as legally possible. The deadline for submission of the 2018 01 Provisional Tax return (IRP6) is 31 August 2017.
The Process
After initial consultation, all required documentation detailing income and deductions will be collected. An assessment will then be done to ascertain if a tax refund or tax liability exists.
We will then complete the tax return and submit to the SA Revenue Services (SARS), a receipt of submission will then be sent to you for your records. Once SARS have assessed the tax return, we will check it matches our assessment. If necessary an objection will be lodged. As we are registered Tax Practitoners, we have a good relationship with SARS which is advantageous to our clients.
Documents required to complete the tax form:
- IRP5 (Received from Employer)
- Medical Aid Tax certificates
- Retirement Annuity Tax Certificates
- Tax Certificates for Interest Earned (IT3B)
- CGT Certificates from Investments
- Travel logbook (if you have a travel allowance, or are a commission earner, contractor or business owner).
- Schedule on property transactions, rental income (If applicable)
SARS have recently announced that no supporting documents, e.g. IRP5, logbooks, medical schedules must be submitted. However, taxpayers must keep their supporting documents for a five year period according to legislation. SARS will do third party verification – via their systems.
GAUTAX cc will keep all documents on file for the stipulated period.
Tax Directives
GAUTAX can apply for a tax directive if required. This is recommended for individuals earning a more that 50% of their income from a commission where they are responsible for the expenses in earning that commission.
Tax Registration
GAUTAX can register individuals for Income Tax. All employees needs to register for tax.
Provisional Tax
Provisional tax returns (IRP6's) must be submitted to SARS on 31 August and 28 February each year. Some taxpayers can utilise the top-up third return in September if necessary.
We maintain a database of all our provisional taxpaying clients and make sure that all returns are submitted correctly and on time. As penalties are imposed for under estimation of taxable income, it is very imporant to submit the correct estimate of taxable income.